Portland, Ore. – Elemental Technologies, a provider
massively parallel video processing solutions, announced on Tuesday that it has
raised $7.5 million in its second round of financing, led by Disney-affiliated
Steamboat Ventures.
Previous backers General Catalyst and Voyager Capital also
participated.
Portland, Ore.-based Elemental helps customers including CBS
Interactive and ABC News customize and multiply video for delivery to an array
of viewing platforms and devices.
The company will use the funds to expand its
business in the U.S. and internationally.
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